Sir,
We have purchased some goods from Suppose ABC & Co.
Please note, ABC & Co. requesting us to please issue cheque in favour of our Proprietor Name suppose Ramesh Gupta.
Please advice me, Can i give cheque in favour of Ramesh Gupta. (No where mention name of Ramesh Gupta on invoice)
Regards,
Jatin Kumar
Third-Party Payment Restrictions: Cheques must not be issued to proprietor when invoice names the company. Issuing a cheque to an individual proprietor when the invoice is in the name of the supplier company is not permitted; payments must maintain payee consistency between the cheque and invoicing documentation to preserve the proper documentary trail and compliance. (AI Summary)